France To Support Development Of Cambodian Electrical Grid

France will support the development of the Kingdom’s power transmission network with $30 million in financing.

France has agreed to contribute $30 million to improve Cambodia’s power transmission network. Supplied

According to a press release from the Ministry of Economy and Finance, Minister Aun Pornmoniroth and Remi Riou, general manager of the French Development Agency (AFD), will sign a financing agreement in the near future.

“As planned, the Minister of Economy and Finance will sign a financing agreement for a project to modernise the power transmission system with 29.1 million euro,” the statement says.

“The project aims to strengthen the power management system with a smart grid and increase the efficiency and sustainability of the power supply,” it reads.

According to the Electricity Authority of Cambodia, Cambodia now has 2,141 kilometres of transmission lines and 33 sub-stations.

In January this year, the government said all 24 provinces in the country will be connected to the national grid by 2020.

It said five provinces still lack access to the national power grid – Tboung Khmum, Kampong Thom, Oddar Meanchey, Ratanakkiri and Mondulkiri.

Currently, 87 percent of the country’s 14,168 villages have access to power.

Last year, Cambodia consumed 2,650 megawatts, a 15 percent increase compared to a year earlier.

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B2B CAMBODiA is a guide to doing business in Cambodia and offers business owners and managers advice for setting up, opening and managing business operations. In addition to market overviews, feature articles and news items, here is some further information which we believe will be useful when doing business here in Cambodia.Read More